Double Bay
Investment Score
78
/100
AI Intelligence Summary
Double Bay is one of Sydney's most prestigious harbourside suburbs, located just 4km east of the CBD in the affluent Eastern Suburbs. Known as a luxury shopping and dining destination, it features high-end boutiques along Bay Street and Cross Street, premium waterfront dining, and exclusive residential properties. The suburb attracts wealthy professionals, empty nesters, and high-net-worth individuals seeking a sophisticated lifestyle with harbour views and proximity to the city. Property values are among Sydney's highest, dominated by luxury apartments and penthouses with limited housing stock. The area boasts excellent amenities including Redleaf Beach, harbour foreshore parks, and proximity to prestigious schools. While lacking direct rail access, it's well-serviced by buses and close to Edgecliff station. The community is characterized by its cosmopolitan atmosphere, strong Jewish heritage, and active cultural scene. Double Bay represents the epitome of Sydney's luxury lifestyle market.
Strengths
- •Premium harbourside location with stunning water views and beach access
- •Exclusive shopping and dining precinct with high-end boutiques and restaurants
- •Proximity to Sydney CBD (4km) with excellent bus connectivity
- •Prestigious address attracting wealthy residents and maintaining property values
Opportunities
- •Ongoing streetscape improvements enhancing area appeal
- •Growing demand from downsizers seeking luxury apartment living
- •Potential for premium short-term rental income from luxury properties
- •Infrastructure upgrades improving transport connectivity
Considerations
- •Extremely high property prices limiting affordability and buyer pool
- •No direct rail connection requiring reliance on bus transport
- •Limited parking availability creating congestion issues
- •High cost of living including dining, shopping and services
Property Market
$8.50M
+8.5% 1yr
$2.80M
+6.8% 1yr
$5.20M
$3,600/wk
$1,650/wk
35
1.8%
78.0%
Price Growth
| Type | 1 Year | 3 Year | 5 Year |
|---|---|---|---|
| House | +8.5% | +28.0% | +45.0% |
| Unit | +6.8% | +22.5% | +38.0% |
Rental Yields
House Yield
2.2%
Unit Yield
3.1%
Townhouse Yield
2.5%
Investment Scorecard
Demand/Supply Ratio: 2.80
Demand exceeds supply — favourable for sellers
Tax & Financial Intelligence
CPA-grade analysis for Double Bay at median house price
+8% surcharge
$3600/wk
Negatively geared
Reduces taxable income
~$5,482/week
Based on 9.0% p.a. growth (from 5-year trend), 50% CGT discount, 39% MTR
5-Year Hold
10-Year Hold
Investor Quick Summary
Entry cost (stamp duty)
$522,850
After-tax yield
1.34%
Weekly holding cost
$5482/wk
10yr CGT (est.)
$2.16M
Estimates based on FY2025 NSW rates at median house price. Assumes 80% LVR, 6.5% interest rate, 39% marginal tax rate ($135K-$190K bracket). Individual circumstances vary. This is general information only and not personal financial advice. Consult your CPA before making investment decisions. Local Knowledge Pty Ltd — Registered Tax Agent.
Demographics
3,200
48
$185K
per annum
38.0%
68.0%
75.0%
2.8%
45.0%
Dwelling Mix
Lifestyle & Community
45
8
2
4.2 km
Nearest Station: Edgecliff Station
Premium shopping along Bay Street, fine dining restaurants, harbourside walking paths, exclusive beach access at Redleaf Beach, and proximity to cultural attractions and the CBD.
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Data sourced from multiple sources. Last updated 25 March 2026.